Rep. Jonathan L. Jackson Sells Off Shares of ASML Holding (NASDAQ:ASML)

Representative Jonathan L. Jackson (D-Illinois) recently sold shares of ASML Holding (NASDAQ:ASML). In a filing disclosed on November 29th, the Representative disclosed that they had sold between $15,001 and $50,000 in ASML stock on October 28th. The trade occurred in the Representative’s “MORGAN STANLEY TRUST ACCOUNT” account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 10/28/2024.
• Purchased $15,001 – $50,000 in shares of General Dynamics (NYSE:GD) on 9/24/2024.
• Sold $15,001 – $50,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 9/24/2024.
• Purchased $15,001 – $50,000 in shares of Aramark (NYSE:ARMK) on 9/19/2024.
• Sold $15,001 – $50,000 in shares of AES (NYSE:AES) on 9/19/2024.

ASML Stock Up 3.6 %

ASML stock opened at $711.47 on Tuesday. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $279.91 billion, a PE ratio of 37.25, a PEG ratio of 1.99 and a beta of 1.49. The company has a fifty day simple moving average of $732.20 and a 200 day simple moving average of $864.88.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Sell-side analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ASML. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company decreased their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Sanford C. Bernstein dropped their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $961.00.

Institutional Trading of ASML

Several hedge funds have recently modified their holdings of ASML. Resources Management Corp CT ADV purchased a new position in ASML during the 2nd quarter worth approximately $26,000. Triad Wealth Partners LLC bought a new stake in ASML during the second quarter worth $31,000. Fairway Wealth LLC bought a new stake in ASML in the third quarter worth approximately $25,000. First Community Trust NA acquired a new position in ASML during the 2nd quarter valued at about $34,000. Finally, Milestone Investment Advisors LLC purchased a new stake in ASML during the third quarter worth about $28,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois’ 1st Congressional District. Jackson assumed office on January 3, 2023. Jackson’s current term ends on January 3, 2025. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois’ 1st Congressional District. Jackson declared candidacy for the 2024 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson’s career experience includes working as an investment analyst and an entrepreneur.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.